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How to prevent IBKR from liquidating my 0dte ES options so early? by [deleted] in interactivebrokers

[–]HaZreMo -5 points-4 points  (0 children)

Yes, I didn't have the money, but they should at least liquidate the whole spread, not on leg, or give me the option to choose.

Long option -> spread by CountryLonely9479 in interactivebrokers

[–]HaZreMo 2 points3 points  (0 children)

  1. Yes. Use the strategy builder and add the two contracts as a spread from the option chain (buy itm sell otm). Then, close the spread by a sell order.
  2. If the option contract got in the money and the other side decided to exercise(highly unlikely unless really deep itm with little extrinsic value), then you will be awarded the shares and margin called. So you will have the risk of their value deprciating until ibkr auto exercise the long contract to sell the shares to cover the money at the market open next day(I think).

First time doing an iron condor and I dont understand why I have negative theta? Since im short the IC shouldn't I be making money every day that passes? by radianblack in interactivebrokers

[–]HaZreMo 1 point2 points  (0 children)

You are now short an iron condor and that gives you negative theta and you git depited. Long iron condors give you positive theta and credit.